Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Dollar Tree, Inc.    DLTR

DOLLAR TREE, INC.

(DLTR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Dollar Tree : Store and Distribution Hourly Associates Rewarded for Commitment Through Recent Increases in Product Demand

share with twitter share with LinkedIn share with facebook
share via e-mail
03/25/2020 | 06:31am EDT

~ Company Now Dedicating First Hour to Senior Citizens and Vulnerable Customers in All Stores ~

Dollar Tree, Inc. (NASDAQ: DLTR), today announced the Company is rewarding its hourly-paid store and distribution center (DC) associates with wage premiums effective March 8, 2020, and continuing through at least April 4, 2020.

“In recent weeks, our store and distribution teams have demonstrated extraordinary commitment to their communities by continuing to serve local customers with essential products in their time of need,” stated Betty Click, Chief Human Resources Officer. “These premium payments to our teams are in recognition of, and appreciation for, their dedication and efforts to serving Dollar Tree and Family Dollar shoppers.”

For at least four weeks, Dollar Tree and Family Dollar will pay every hourly-paid store associate reporting to the store manager, and every hourly-paid DC associate, a $2.00 per hour premium for all hours worked during the period. This represents a reward of approximately $30 million being paid to the Company’s associates.

Additionally, effective today until further notice, in an effort to help protect the most vulnerable population during this pandemic, the Company is dedicating the stores’ first operational hours each day to at-risk customers, including senior citizens, individuals with preexisting health conditions, and pregnant women. The Company urges all other customers to begin their shopping trips at least one hour after the stores open.

Dollar Tree and Family Dollar store teams also request that customers practice “social distancing” or limiting close contact as recommended by the Centers for Disease Control and Prevention (CDC).

Today’s announcements follow Company news communicated in the prior week that included the Company’s decision to close all stores at 8:00 p.m. local time, until further notice, for enhanced cleaning protocols following CDC recommended guidelines and to re-stock shelves with essential products, and secondly, the Company’s initiative to hire 25,000 associates for its stores and DCs.

Gary Philbin, Chief Executive Officer, added, “I want to thank each of our associates, in the 15,000-plus stores, 24 DCs and our store support center, for their incredible efforts during this unprecedented time. Dollar Tree and Family Dollar stores are committed to providing our customers in each of the neighborhoods we serve with safe and healthy environments while purchasing needed essentials at this critical time.”

To view a full list of positions currently available or to apply online, please visit www.DollarTree.com/careers or www.FamilyDollar.com/careers.

About Dollar Tree, Inc.

Dollar Tree, a Fortune 200 Company, operated 15,288 stores across 48 states and five Canadian provinces as of February 1, 2020. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains "forward-looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they address future events, developments or results and do not relate strictly to historical facts. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements include, without limitation, statements preceded by, followed by or including words such as “believe, anticipate, expect, intend, plan, view, target or estimate, may, will, should, predict, possible, potential, continue, or strategy,” and similar expressions. For example, our forward-looking statements include statements regarding our plans and expectations regarding expanded associate pay and hiring, reduced or special store operating hours and steps to promote health and safety in light of the COVID-19 pandemic. These statements are subject to risks and uncertainties. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed March 20, 2020, and other filings with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.


© Business Wire 2020
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DOLLAR TREE, INC.
05/27DOLLAR TREE, INC. : Regulation FD Disclosure (form 8-K)
AQ
05/25DOLLAR TREE, INC. : quaterly earnings release
05/16Stores Stress Over How to Handle a Customer Who Won't Wear a Mask
DJ
05/14DOLLAR TREE, INC. : Regulation FD Disclosure, Financial Statements and Exhibits ..
AQ
05/14DOLLAR TREE, INC. : to Host First Quarter Earnings Conference Call
BU
04/15DOLLAR TREE, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Y..
AQ
04/15DOLLAR TREE, INC. : SEC Filing 8K
CO
04/08Monteverde & Associates PC Launches an Investigation of the Board of Director..
PR
04/01THE LATEST : Missouri man charged for coughing at customers
AQ
04/01THE LATEST : Missouri man charged for coughing at customers
AQ
More news
Financials (USD)
Sales 2021 24 799 M
EBIT 2021 1 596 M
Net income 2021 1 130 M
Debt 2021 2 520 M
Yield 2021 -
P/E ratio 2021 18,5x
P/E ratio 2022 16,1x
EV / Sales2021 0,94x
EV / Sales2022 0,91x
Capitalization 20 765 M
Chart DOLLAR TREE, INC.
Duration : Period :
Dollar Tree, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DOLLAR TREE, INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 89,04 $
Last Close Price 87,53 $
Spread / Highest target 25,7%
Spread / Average Target 1,73%
Spread / Lowest Target -18,9%
EPS Revisions
Managers
NameTitle
Gary M. Philbin Chief Executive Officer & Director
Michael A. Witynski President
Robert L. Sasser Executive Chairman
Thomas R. O'Boyle Chief Operating Officer
Kevin S. Wampler Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR TREE, INC.-6.93%20 765
COSTCO WHOLESALE CORPORATION4.11%134 594
THE TJX COMPANIES-9.45%66 243
TARGET CORPORATION-8.42%57 551
DOLLAR GENERAL CORPORATION20.02%45 363
WAL-MART DE MÉXICO, S.A.B. DE C.V.4.58%44 054